Galenus Inc.
ActiveThe computed 12-month bankruptcy probability of Galenus Inc. is 1.6% (moderate). The 2024 annual accounts show equity of €61k and a net result of €7k. Equity is growing by ~36.7% per year across the filed fiscal years. Its solvency ranks better than 78% of 15868 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability59▼-41
Solvency100▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 3.98 against 3.75 in 2023; short-term debt: 25.1% and cash: 41.4% of total assets), and 25.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
74.9%
Return on assets
8.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
5 d early
2021
20 d early
2020
24 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€61k▲ 12.8%
2023 · €54k
2020: €7k
2021: €24k
2023: €54k
2020 → 2024
Total assets
€81k▲ 10.4%
2023 · €74k
2020: €24k
2021: €47k
2023: €74k
2020 → 2024
Net result
€7k▼ 63.3%
2023 · €19k
2020: €4k
2021: €17k
2023: €19k
2020 → 2024
Working capital
€61k▲ 12.8%
2023 · €54k
2020: €6k
2021: €23k
2023: €54k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2020202120232024Trend
Equity€7k-€24k▲ 262%€54k▲ 126%€61k▲ 12.8%
Operating result€5k-€22k▲ 368%€24k▲ 12.6%€11k▼ 56.5%
Net result€4k-€17k▲ 380%€19k▲ 8.8%€7k▼ 63.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 56% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €81k
Equity
€61k▲ 12.8%
Debt
€20k▲ 3.9%
The debt ratio falls from 26.7% to 25.1%. Equity and debt are higher.
Key figures and ratios
Solvency
74.9%▲
2023 · 73.3%
Current ratio
3.98▲
2023 · 3.75
Quick ratio
3.86▲
2023 · 3.62
Debt / equity
0.34▼
2023 · 0.36
ROE
11.3%▼
2023 · 34.8%
ROA
8.5%▼
2023 · 25.5%
Debt
€20k▲
2023 · €20k
Debt ≤ 1 year
€20k▲
2023 · €20k
Income taxes
€2k▼
2023 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€74k€81k▲
Formation expenses20€0€0=
Current assets29/58€74k€81k▲
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€19k€45k▲
Trade receivables40€19k€43k▲
Other amounts receivable41-€2k
Cash at bank and in hand54/58€52k€34k▼
Equity and liabilities
Total equity and liabilities10/49€74k€81k▲
Equity10/15€54k€61k▲
Contributions10/11€3k€3k=
Reserves13€51k€58k▲
Distributable reserves133€51k€58k▲
Amounts payable17/49€20k€20k▲
Amounts payable within one year42/48€20k€20k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Other amounts payable47/48€15k€16k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€240-
Other operating charges640/8€109€629▲
Gross operating margin9900€25k€11k▼
Operating profit (loss)9901€24k€11k▼
Financial income75/76B€138€81▼
Recurring financial income75€138€81▼
Financial charges65/66B€666€1k▲
Recurring financial charges65€666€1k▲
Profit (loss) for the period before taxes9903€24k€9k▼
Income taxes67/77€5k€2k▼
Profit (loss) for the period9904€19k€7k▼
Profit (loss) for the period to be appropriated9905€19k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€19k€7k▼
Transfer to equity691/2€19k€7k▼
To other reserves6921€19k€7k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €19k ▲8.8%
Operating result €24k, net result €19k, both a record.
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Olen · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Leemanslaan 142250 OlenGround area
2,581 m²
Building footprint
119 m²
Volume, LiDAR
1,070 m³
Parcel 13029C0148/00S008, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Galenus Inc.
since 20202.305.667.828
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13029C0148/00S008 | Flanders | 2,581 m² | 1 · 119 m² | 12.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,898 companies in sector 46460 we hold annual accounts for 1,116. 519 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-08-2020
Fiscal year end31-12
Activities, NACEBEL
46460Wholesale of pharmaceutical and medical goods
21209Manufacture of basic pharmaceutical products and pharmaceutical preparations
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.